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You are preparing financial statements for the end of the accounting period. You have just made the following calculation: Petty cash established limit minus amount

You are preparing financial statements for the end of the accounting period. You have just made the following calculation: Petty cash established limit minus amount of cash in petty cash fund. What are you trying to determine? The daily average amount of cash that is in the petty cash fund. O The amount of petty cash to report on the balance sheet. The average amount of each reimbursement from the petty cash fund. O The amount of cash needed to replenish the petty cash fund

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